The rupee traded in a barrow band against the dollar on Monday in the process of trading, dealers said. The rupee shed two paisas versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee sustained overnight levels in terms of the dollar for buying and selling at Rs 105.90 and Rs 106.10 respectively, they said.
The rupee, however, lost 1.20 in relation to the euro for buying and selling at Rs 114.20 and Rs 115.70 respectively, they said. In the first Asian trade, the euro pared gains after scaling a five-month high against the dollar after the centrist candidate won the first round of the French presidential election, reducing the risk of an anti-establishment shock in the final round.
The euro was up 1.1 percent at $1.0844 by midday in Asia after earlier rising as high as $1.0940, its highest since Nov 10. Centrist Emmanuel Macron, a pro-EU ex-banker and former economy minister, emerged as the leader of the first round of voting and qualified for a May 7 runoff alongside the second-place finisher, far-right leader Marine Le Pen.
His victory makes him the frontrunner in next month's election, and marked a huge defeat for the two centre-right and centre-left groupings that have dominated French politics for 60 years. Against the yen, the euro jumped 2.1 percent to 119.34, after touching a one-month high of 120.935. The dollar was trading against the Indian rupee at Rs 64.498 and the greenback was at 6.888 versus the Chinese yuan. Inter bank buy/sell rates for the taka against the dollar on Monday: 79.95-79.95 (previous 79.90-79.90).
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Open Bid Rs.105.90
Open Offer Rs.106.10
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Monday.
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Bid Rate Rs.104.85
Offer Rate Rs.104.86
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RUPEE IN LAHORE: The Pak rupee appreciated versus the major currencies including the US dollar and the British pound in the local currency market on Monday.
According to currency dealers, the US dollar resumed trading on a negative note amidst lack of buyers' interest in the market. At the close, it slid to Rs 105.85 and Rs 106.15 on buying and selling sides, respectively, as compared to Saturday's closing trend of Rs 106.05 and Rs 106.20 respectively, they added.
Similarly, the local currency also followed the same suit versus the pound sterling. The pound' buying and selling rates went down from the last closing trend of Rs 134.70 and Rs 135.60 to Rs 134.50 and Rs 135.30 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee was unchanged against the dollar at the open currency markets of Islamabad and Rawalpindi here on Monday. The dollar opened at Rs 106.25 (buying) and Rs 106.35 (selling) against last rate of Rs 106.35 (buying) and Rs 106.45 (selling). It closed at same rate in evening session. Pound Sterling opened at Rs 130 (buying) and Rs 131.50 (selling). It closed at the same rate.
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